LAP Balance Transfer - Switch to Srajan and Save Big
LAP Balance Transfer - Switch to Srajan and Save Big
Loan Against Property Balance Transfer - Switch to Srajan and Save Big
Transferring your loan against property NBFC can be a good option, especially when the NBFC offers a competitive interest rate and additional top-up loan. A penny saved is a penny earned. Now you can have more money at your disposal to spend the way you like. Reduce the burden of your existing loans by transferring them to Srajan and avail the benefit of lower EMIs with our Balance Transfer product.
When you take a loan against property for a long duration i.e. almost up to 20 years, it is not necessary that you continue with the same financial institution for all those years. There is a facility that allows you to opt for a loan against property balance transfer option where you can shift your loan to any other lender. There are benefits like a lower rate of interest, better customer service, easy top-up loans, etc. that one can have by choosing the loan against property balance transfer option.
Features of Srajan Balance Transfer Loan
- You can transfer your loan against property availed from other institutions to Srajan and get a benefit of the additional top-up loan.
- Attractive interest rates
- Tenure of up to 15 years
- Ability to pool multiple loans from different lenders into a single loan
Benefits of Srajan Balance Transfer Loan
- Easy top-ups on your existing loan
- Once again unlock the value of your property by transferring it into a different loan account
- The ability to pool multiple loans, on multiple properties can be difficult to keep track and repayment can be difficult to keep track of. Pooling the loans together into one single account will help you keep up a good repayment history and maintain your credit score!
Frequently asked questions (FAQ’s)
A Loan Against Property (LAP) Balance Transfer is a process where you transfer your existing LAP from one lender to another to take advantage of better interest rates, improved terms, or additional top-up loans.
The balance transfer process usually takes between 5 to 10 days, depending on the completeness of your documentation.
Opting for a LAP Balance Transfer can offer several benefits, including lower interest rates, which reduce your EMI burden, better loan terms with flexible repayment options, the possibility of availing a top-up loan for additional financial needs.
Tenure options are subjected to the credit worthiness of an individual. Similar to Loan Against Property, the tenure of LAP BT Transfer ranges from 5 years - 20 years.
You can mortgage various properties to avail a Loan. These could be:
- Residential properties which are self-occupied or rented (Apartment, House, Flat etc)
- Commercial properties such as shops, offices etc.
- A piece of land or plot owned by you.
Further Srajan allows you to poll various properties together to avail a higher loan amount, subjected to our internal evaluation.
Leave your details here and a member of our team will be in touch with you. You can also WhatsApp or missed call at +91 90575 32022.